GLNK vs. EZPZ

Last updated Aug 4, 2026

GLNK (Grayscale Chainlink Trust ETF) and EZPZ (Franklin Crypto Index ETF) are both Cryptocurrency funds - GLNK tracks the Chainlink (LINK) while EZPZ tracks the CF Institutional Digital Asset Index – US-Settlement Price. Both are passively managed. Over the past year, GLNK returned -73.43% vs -45.86% for EZPZ. Their 0.63 correlation means they have sometimes moved together and sometimes differently. GLNK charges 2.50%/yr vs 0.19%/yr for EZPZ.

Performance

GLNK vs. EZPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Chainlink Trust ETF (GLNK) and Franklin Crypto Index ETF (EZPZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLNK achieves a -33.13% return, which is significantly lower than EZPZ's -29.81% return.

GLNK

• 1D: 0.76%
• 1M: 5.89%
• 6M: -15.88%
• YTD: -33.13%
• 1Y: -73.43%
• 3Y*: -18.59%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -2.20%

EZPZ

• 1D: 1.37%
• 1M: 3.54%
• 6M: -19.88%
• YTD: -29.81%
• 1Y: -45.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -27.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EZPZ Franklin Crypto Index ETF	$94.68K	$149.95K	$221.31K
GLNK Grayscale Chainlink Trust ETF	$2.64M	$1.96M	$1.98M

GLNK vs. EZPZ - Yearly Performance Comparison

	2026 (YTD)	2025
GLNK Grayscale Chainlink Trust ETF	-33.13%	-81.92%
EZPZ Franklin Crypto Index ETF	-29.81%	-10.11%

Correlation

The correlation between GLNK and EZPZ is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.75
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.63

The correlation between GLNK and EZPZ shifts across timeframes, from 0.63 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

GLNK vs. EZPZ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GLNK

GLNK Risk / Return Rank: 3
GLNK Sharpe Ratio Rank: 3
GLNK Sortino Ratio Rank: 3
GLNK Omega Ratio Rank: 3
GLNK Calmar Ratio Rank: 3
GLNK Martin Ratio Rank: 5

EZPZ

EZPZ Risk / Return Rank: 2
EZPZ Sharpe Ratio Rank: 2
EZPZ Sortino Ratio Rank: 2
EZPZ Omega Ratio Rank: 2
EZPZ Calmar Ratio Rank: 3
EZPZ Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GLNK vs. EZPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Chainlink Trust ETF (GLNK) and Franklin Crypto Index ETF (EZPZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GLNK	EZPZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.74	-0.96	+0.22
Sortino ratio: Return per unit of downside risk	-1.18	-1.42	+0.23
Omega ratio: Gain probability vs. loss probability	0.86	0.84	+0.02
Calmar ratio: Return relative to maximum drawdown	-0.82	-0.81	-0.01
Martin ratio: Return relative to average drawdown	-0.98	-1.23	+0.26

GLNK vs. EZPZ - Sharpe Ratio Comparison

The current GLNK Sharpe Ratio is -0.74, which is comparable to the EZPZ Sharpe Ratio of -0.96. The chart below compares the historical Sharpe Ratios of GLNK and EZPZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GLNK vs. EZPZ - Drawdown Comparison

The maximum GLNK drawdown since its inception was -96.25%, which is greater than EZPZ's maximum drawdown of -56.63%. Use the drawdown chart below to compare losses from any high point for GLNK and EZPZ.

Drawdown Indicators

	GLNK	EZPZ	Difference
Max Drawdown Largest peak-to-trough decline	-96.25%	-56.63%	-39.62%
Max Drawdown (1Y) Largest decline over 1 year	-89.50%	-56.63%	-32.87%
Max Drawdown (3Y) Largest decline over 3 years	-96.25%	—	—
Current Drawdown Current decline from peak	-95.70%	-52.67%	-43.03%
Average Drawdown Average peak-to-trough decline	-57.23%	-25.21%	-32.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	75.29%	37.25%	+38.04%

Volatility

GLNK vs. EZPZ - Volatility Comparison

Grayscale Chainlink Trust ETF (GLNK) has a higher volatility of 12.05% compared to Franklin Crypto Index ETF (EZPZ) at 8.97%. This indicates that GLNK's price experiences larger fluctuations and is considered to be riskier than EZPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLNK	EZPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.05%	8.97%	+3.08%
Volatility (6M) Calculated over the trailing 6-month period	45.60%	36.03%	+9.57%
Volatility (1Y) Calculated over the trailing 1-year period	99.63%	47.82%	+51.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	161.90%	46.90%	+115.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	161.90%	46.90%	+115.00%

GLNK vs. EZPZ - Expense Ratio Comparison

GLNK has a 2.50% expense ratio, which is higher than EZPZ's 0.19% expense ratio.

Dividends

GLNK vs. EZPZ - Dividend Comparison

Neither GLNK nor EZPZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GLNK and EZPZ in my portfolio?

GLNK and EZPZ have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLNK or EZPZ?

GLNK has higher volatility (12.05%) compared to EZPZ (8.97%). In terms of maximum drawdown, GLNK dropped -96.25% vs EZPZ's -56.63%.

Which ETF is better, GLNK or EZPZ?

On 1-year performance, EZPZ leads with -45.86% vs -73.43% for GLNK. On fees, EZPZ is cheaper at 0.19% per year. On volatility, EZPZ has been the lower-risk option at 8.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GLNK or EZPZ?

Over the 1-year period, EZPZ has performed better with a -45.86% return vs -73.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLNK or EZPZ?

EZPZ is cheaper with a 0.19% expense ratio, compared with 2.50% for GLNK.

Which ETF pays a higher dividend yield, GLNK or EZPZ?

GLNK and EZPZ have nearly identical dividend yields, around 0.00%.

What is the main difference between GLNK and EZPZ?

GLNK tracks Chainlink (LINK), while EZPZ tracks CF Institutional Digital Asset Index – US-Settlement Price. They also come from different issuers: Grayscale and Franklin Templeton. Their fees differ too: 2.50% for GLNK and 0.19% for EZPZ.

Which has better risk-adjusted returns?

GLNK currently has the higher Sharpe Ratio (-0.74 vs -0.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.